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BALLOT Property Impact on Average Homestead: That the official ballots to be used in such election shall be prepared in accordance with Sections 52.072 Based on the City’s financial assumptions, repayment of these public securities, if approved, would impose and 52.073 of the Texas Election Code, as amended. The ballots shall permit the electors to vote “For” or an estimated maximum annual increase of $0.00 in the amount of taxes on a residence homestead in the City “Against” the aforesaid issuance of public securities and shall be set forth in substantially the following form: with an appraised value of $100,000. FORT WORTH PROPOSITION A Additional Information (City Financial Assumptions): THIS IS A TAX INCREASE. The issuance of $511,480,700 of public securities for streets and mobility infrastructure The above-quoted figures do not reflect payments made on existing debt or additional debt issued after Febru- improvements and the imposition of taxes sufficient to pay the principal and interest on the public securities ary 10, 2026 and assume the following: the amortization of the City’s debt obligations, including outstanding debt obligations and the proposed debt obligations; changes in estimated future appraised values within the FORT WORTH PROPOSITION B City based on a growth of the City’s taxable assessed valuation at a rate of 3% in 2026 through 2032, 2% in THIS IS A TAX INCREASE. The issuance of $185,140,000 of public securities for park, recreation, and open space ac- 2033 through 2037, 1% in 2038 through 2042, and 0% thereafter; and the assumed interest rate on the pro- quisitions and improvements and the imposition of taxes sufficient to pay the principal and interest on the public securities posed debt obligations of six percent. The following information is provided regarding City of Fort Worth Proposition C (Public Library Improve- FORT WORTH PROPOSITION C ments) in accordance with Section 1251.052(b) of the Texas Government Code. THIS IS A TAX INCREASE. The issuance of $14,586,000 of public securities for public library improvements and the imposition of taxes sufficient to pay the principal and interest on the public securities Language that will appear on ballot: CITY OF FORT WORTH, TEXAS SPECIAL ELECTION FORT WORTH PROPOSITION D CITY OF FORT WORTH, TEXAS PROPOSITION C THIS IS A TAX INCREASE. The issuance of $10,000,000 of public securities for affordable housing purposes and the ) THIS IS A TAX INCREASE. The issuance of $14,586,000 of public secu- imposition of taxes sufficient to pay the principal and interest on the public securities rities for public library improvements and the imposition of taxes suffi- FOR _____ ) cient to pay the principal and interest on the public securities FORT WORTH PROPOSITION E THIS IS A TAX INCREASE. The issuance of $63,919,300 of public securities for police, fire, and emergency communi- ) cations facilities and the imposition of taxes sufficient to pay the principal and interest on the public securities AGAINST _____ ) FORT WORTH PROPOSITION F THIS IS A TAX INCREASE. The issuance of $59,874,000 of public securities for animal care and shelter improvements Principal amount of debt obligations to be authorized: $14,586,000 and the imposition of taxes sufficient to pay the principal and interest on the public securities Estimated interest for the debt obligations to be authorized, presuming an interest rate of 6%: $8,832,552 PUBLIC ART Estimated combined principal and interest required to pay on time and in full the debt obligations $23,418,552 (a) In respect to Fort Worth Proposition A (Streets and Mobility Infrastructure) submitted to the vot- to be amortized over 20 years: ers, it shall be a part of the contract with the voters that should the proposition be approved at said election, the City Council may determine to expend up to 1% of the aggregate proceeds of the public securities authorized As of the date the election was ordered (February 10, 2026): and sold for projects approved by the voters as described in such proposition for public art/enhanced design The principal amount of all outstanding City debt obligations: $1,044,335,000 specifically related to transportation and mobility infrastructure, consistent with the public art ordinance ap- proved by the City Council and in effect at the time of the expenditure, and to the extent permitted by law. The estimated remaining interest amount on all outstanding City debt obligations: $274,948,487 (b) In respect to Fort Worth Propositions B (Park, Recreation, and Open Space), C (Public Library The estimated combined principal and interest required to pay on time and in full all $1,319,283,487 Improvements), E (Public Safety Improvements), and F (Animal Care and Shelter Improvements) submitted to the voters, it shall be a part of the contract with the voters that should any of the propositions be approved outstanding City debt obligations, amortized over 20 years: at said election, the City Council may determine to expend up to 2% of the aggregate proceeds of the public securities authorized and sold for projects approved by the voters as described in each such proposition for Property Impact on Average Homestead: public art/enhanced design specifically related to one or more of the projects described in such proposition, Based on the City’s financial assumptions, repayment of these public securities, if approved, would impose consistent with the public art ordinance approved by the City Council and in effect at the time of the expen- an estimated maximum annual increase of $0.00 in the amount of taxes on a residence homestead in the City diture, and to the extent permitted by law. with an appraised value of $100,000. (c) In respect to Fort Worth Proposition D (Affordable Housing) submitted to the voters, it shall be a part of the contract with the voters that should the proposition be approved at said election, the City Council Additional Information (City Financial Assumptions): shall not use any proceeds of the public securities authorized and sold for the projects approved by the voters The above-quoted figures do not reflect payments made on existing debt or additional debt issued after Febru- as described in such proposition for public art/enhanced design. ary 10, 2026 and assume the following: the amortization of the City’s debt obligations, including outstanding ADDITIONAL TAX AND FINANCIAL INFORMATION debt obligations and the proposed debt obligations; changes in estimated future appraised values within the That the following statements are made in accordance with Section 3.009(b) of the Texas Election Code and City based on a growth of the City’s taxable assessed valuation at a rate of 3% in 2026 through 2032, 2% in provide the information required under that Section that is not otherwise addressed in this ordinance: 2033 through 2037, 1% in 2038 through 2042, and 0% thereafter; and the assumed interest rate on the pro- (a) Taxes sufficient to pay the annual principal of and interest on the debt obligations may be imposed. posed debt obligations of six percent. (b) Based upon the bond market conditions on the date this Ordinance is approved, the maximum The following information is provided regarding City of Fort Worth Proposition D (Affordable Housing) in interest rate for any series of the debt obligations authorized to be sold by the voters is estimated to be 6%, accordance with Section 1251.052(b) of the Texas Government Code. as calculated in accordance with applicable law. Such estimate takes into account a number of factors, in- cluding the timing of the issuance of debt obligations approved by the voters, the maturity schedule for debt Language that will appear on ballot: obligations issued by the City, and the expected credit ratings of the proposed debt obligations. The estimated CITY OF FORT WORTH, TEXAS SPECIAL ELECTION maximum interest rate is provided as a matter of information, but is not a limitation on the interest rate at CITY OF FORT WORTH, TEXAS PROPOSITION D which the debt obligations, or any series thereof, may be sold. ) THIS IS A TAX INCREASE. The issuance of $10,000,000 of public securities (c) As of the date of this Ordinance, the aggregate amount of outstanding principal of the City’s ad for affordable housing purposes and the imposition of taxes sufficient to pay the valorem supported obligations is $1,044,335,000. FOR _____ ) principal and interest on the public securities (d) As of the date of this Ordinance, the aggregate amount of outstanding interest on the City’s ad valorem supported obligations is $274,948,487. ) (e) As of the date of this Ordinance, the ad valorem debt service tax rate of the City of Fort Worth is $0.1475 per $l00.00 valuation of taxable property. AGAINST _____ ) VOTING SYSTEM AND JOINT ELECTION An electronic voting system, as defined in Chapter 121 of the Texas Election Code, shall be used for voting Principal amount of debt obligations to be authorized: $10,000,000 at the regular polling places for said election and for counting the ballots and the tabulation of the results. The conduct of the election and the use of the electronic voting system shall be in accordance with the Texas Estimated interest for the debt obligations to be authorized, presuming an interest rate of 6%: $6,055,500 Election Code. Estimated combined principal and interest required to pay on time and in full the debt obligations to $16,055,500 The election shall be held as a Joint Election pursuant to a Joint Election Agreements and Contracts for Elec- be amortized over 20 years: tion Services by and between the City of Fort Worth and the Tarrant County Elections Administrator; the City of Fort Worth and the Denton County Elections Administrator; the City of Fort Worth and the Parker County As of the date the election was ordered (February 10, 2026): Elections Administrator; the City of Fort Worth and the Wise County Elections Administrator; and other political subdivisions located in those counties. Pursuant to the above-mentioned Joint Election Agreements, The principal amount of all outstanding City debt obligations: $1,044,335,000 the Tarrant County Elections Administrator shall serve as the Elections Administrator for the election held The estimated remaining interest amount on all outstanding City debt obligations: $274,948,487 in Tarrant County, the Denton County Elections Administrator shall serve as the Elections Administrator for the election held in Denton County, the Parker County Elections Administrator shall serve as the Elections The estimated combined principal and interest required to pay on time and in full all $1,319,283,487 Administrator for the election held in Parker County, and the Wise County Elections Administrator shall serve outstanding City debt obligations, amortized over 20 years: as the Elections Administrator for the election held in Wise County. Presiding Election Judges and Alternate Presiding Election Judges appointed to serve at said polling places listed in the Joint Election Agreements Property Impact on Average Homestead: shall be those election officials furnished by the Elections Administrators selected pursuant to the terms of the Based on the City’s financial assumptions, repayment of these public securities, if approved, would impose Joint Election Agreements. An Early Voting Ballot Board is hereby created pursuant to Section 87.001 of the an estimated maximum annual increase of $0.00 in the amount of taxes on a residence homestead in the City Texas Election Code. The Early Voting Ballot Board shall be made up of members appointed in the manner with an appraised value of $100,000. stated in the Joint Election Agreements, and the Presiding Judges and the Alternate Presiding Judges of the Early Voting Ballot Boards shall be the elections officials listed in the Joint Election Agreements. Additional Information (City Financial Assumptions): NOTICE AND PUBLICATION The above-quoted figures do not reflect payments made on existing debt or additional debt issued after Febru- (a) That a substantial copy of this Ordinance, in English, Spanish and, in Tarrant County, Vietnamese ary 10, 2026 and assume the following: the amortization of the City’s debt obligations, including outstanding translations, shall serve as proper notice of said election, which notice shall be given as follows: debt obligations and the proposed debt obligations; changes in estimated future appraised values within the i. substantial copies of this Ordinance shall be published on the same day in each of two (2) succes- City based on a growth of the City’s taxable assessed valuation at a rate of 3% in 2026 through 2032, 2% in sive weeks in a newspaper of general circulation in the City, the date of the first publication to be not less than 2033 through 2037, 1% in 2038 through 2042, and 0% thereafter; and the assumed interest rate on the pro- fourteen (14) days nor more than thirty (30) days prior to the date of said election; posed debt obligations of six percent. ii. substantial copies of this Ordinance and the Voter Information Documents (as defined below) shall The following information is provided regarding City of Fort Worth Proposition E (Public Safety Improve- be posted on the bulletin board at the City Hall of the City of Fort Worth used for the posting of notices of ments) in accordance with Section 1251.052(b) of the Texas Government Code. meetings of the City Council of the City and at three (3) other public places within the City not later than the twenty-first (21st) day prior to the date upon which said election is to be held; Language that will appear on ballot: iii. no later than the twenty-first (21st) day before the election, a complete copy of this Ordinance, the CITY OF FORT WORTH, TEXAS SPECIAL ELECTION Voter Information Documents, and any sample ballot prepared for the election, shall be posted on the City’s CITY OF FORT WORTH, TEXAS PROPOSITION E official website together with the notice of the election and the contents of the Propositions and shall remain so posted through the date of the election; and ) THIS IS A TAX INCREASE. The issuance of $63,919,300 of public securities for police, iv. a complete copy of this Ordinance and the Voter Information Documents shall be posted on elec- FOR _____ ) fire, and emergency communications facili- tion day and during early voting by personal appearance in a prominent location at each polling place at which ties and the imposition of taxes sufficient to this election is conducted. ) pay the principal and interest on the public (b) The City Secretary is directed to certify compliance with subsections (a)(i) - (iii) and to obtain securities certification from the relevant election authorities regarding compliance with subsection (a)(iv). AGAINST _____ ) (c) Copies of the voter information documents pertaining to each proposition to be voted on are attached as Exhibit “A” (the “Voter Information Documents”). Notice of the Voter Information Documents Principal amount of debt obligations to be authorized: $63,919,300 shall be given in the manner required by Section 1251.052(b) of the Texas Government Code. (d) The City’s website is https://www.fortworthtexas.gov/. Estimated interest for the debt obligations to be authorized, presuming $38,706,332 an interest rate of 6%: EXHIBIT A OF BOND ELECTION ORDINANCE; VOTER INFORMATION DOCUMENTS Estimated combined principal and interest required to pay on time and $102,625,632 The following information is provided regarding City of Fort Worth Proposition A (Streets and Mobility in full the debt obligations to be amortized over 20 years: Infrastructure) in accordance with Section 1251.052(b) of the Texas Government Code. As of the date the election was ordered (February 10, 2026): Language that will appear on ballot: The principal amount of all outstanding City debt obli- $1,044,335,000 CITY OF FORT WORTH, TEXAS SPECIAL ELECTION gations: CITY OF FORT WORTH, TEXAS PROPOSITION A The estimated remaining interest amount on all outstand- $274,948,487 ) THIS IS A TAX INCREASE. The issuance of $511,480,700 of public securities ing City debt obligations: for streets and mobility infrastructure improvements and the imposition of tax- The estimated combined principal and interest required to $1,319,283,487 FOR _____ ) es sufficient to pay the principal and interest on the public securities pay on time and in full all outstanding City debt obliga- tions, amortized over 20 years: ) Property Impact on Average Homestead: AGAINST _____ ) Based on the City’s financial assumptions, repayment of these public securities, if approved, would impose an estimated maximum annual increase of $0.00 in the amount of taxes on a residence homestead in the City Principal amount of debt obligations to be authorized: $511,480,700 with an appraised value of $100,000. Estimated interest for the debt obligations to be authorized, presuming an interest rate of 6%: $309,727,138 Additional Information (City Financial Assumptions): Estimated combined principal and interest required to pay on time and in full the debt obligations to $821,207,838 The above-quoted figures do not reflect payments made on existing debt or additional debt issued after Febru- be amortized over 20 years: ary 10, 2026 and assume the following: the amortization of the City’s debt obligations, including outstanding debt obligations and the proposed debt obligations; changes in estimated future appraised values within the As of the date the election was ordered (February 10, 2026): City based on a growth of the City’s taxable assessed valuation at a rate of 3% in 2026 through 2032, 2% in The principal amount of all outstanding City debt obligations: $1,044,335,000 2033 through 2037, 1% in 2038 through 2042, and 0% thereafter; and the assumed interest rate on the pro- posed debt obligations of six percent. The estimated remaining interest amount on all outstanding City debt obligations: $274,948,487 The following information is provided regarding City of Fort Worth Proposition F (Animal Care and Shelter The estimated combined principal and interest required to pay on time and in full all $1,319,283,487 Improvements) in accordance with Section 1251.052(b) of the Texas Government Code. outstanding City debt obligations, amortized over 20 years: Language that will appear on ballot: Property Impact on Average Homestead: CITY OF FORT WORTH, TEXAS SPECIAL ELECTION Based on the City’s financial assumptions, repayment of these public securities, if approved, would impose CITY OF FORT WORTH, TEXAS PROPOSITION F an estimated maximum annual increase of $0.00 in the amount of taxes on a residence homestead in the City ) THIS IS A TAX INCREASE. The issuance of with an appraised value of $100,000. $59,874,000 of public securities for animal care FOR _____ ) and shelter improvements and the imposition of Additional Information (City Financial Assumptions): taxes sufficient to pay the principal and interest The above-quoted figures do not reflect payments made on existing debt or additional debt issued after Febru- ) on the public securities ary 10, 2026 and assume the following: the amortization of the City’s debt obligations, including outstanding debt obligations and the proposed debt obligations; changes in estimated future appraised values within the AGAINST _____ ) City based on a growth of the City’s taxable assessed valuation at a rate of 3% in 2026 through 2032, 2% in 2033 through 2037, 1% in 2038 through 2042, and 0% thereafter; and the assumed interest rate on the pro- Principal amount of debt obligations to be authorized: $59,874,000 posed debt obligations of six percent. Estimated interest for the debt obligations to be authorized, pre- $36,256,701 suming an interest rate of 6%: The following information is provided regarding City of Fort Worth Proposition B (Park, Recreation, and Open Space Improvements) in accordance with Section 1251.052(b) of the Texas Government Code. Estimated combined principal and interest required to pay on time $96,130,701 and in full the debt obligations to be amortized over 20 years: Language that will appear on ballot: CITY OF FORT WORTH, TEXAS SPECIAL ELECTION As of the date the election was ordered (February 10, 2026): CITY OF FORT WORTH, TEXAS PROPOSITION B The principal amount of all outstanding City debt $1,044,335,000 ) THIS IS A TAX INCREASE. The issuance of $185,140,000 of pub- obligations: lic securities for park, recreation, and open space acquisitions and The estimated remaining interest amount on all out- $274,948,487 FOR _____ ) improvements and the imposition of taxes sufficient to pay the prin- standing City debt obligations: cipal and interest on the public securities ) The estimated combined principal and interest re- $1,319,283,487 quired to pay on time and in full all outstanding City AGAINST _____ ) debt obligations, amortized over 20 years: Principal amount of debt obligations to be authorized: $185,140,000 Property Impact on Average Homestead: Based on the City’s financial assumptions, repayment of these public securities, if approved, would impose Estimated interest for the debt obligations to be authorized, presuming an interest rate of 6%: $112,111,527 an estimated maximum annual increase of $0.00 in the amount of taxes on a residence homestead in the City Estimated combined principal and interest required to pay on time and in full the debt obligations $297,251,527 with an appraised value of $100,000. to be amortized over 20 years: Additional Information (City Financial Assumptions): As of the date the election was ordered (February 10, 2026): The above-quoted figures do not reflect payments made on existing debt or additional debt issued after Febru- ary 10, 2026 and assume the following: the amortization of the City’s debt obligations, including outstanding The principal amount of all outstanding City debt obligations: $1,044,335,000 debt obligations and the proposed debt obligations; changes in estimated future appraised values within the The estimated remaining interest amount on all outstanding City debt obligations: $274,948,487 City based on a growth of the City’s taxable assessed valuation at a rate of 3% in 2026 through 2032, 2% in 2033 through 2037, 1% in 2038 through 2042, and 0% thereafter; and the assumed interest rate on the pro- The estimated combined principal and interest required to pay on time and in full all $1,319,283,487 posed debt obligations of six percent. outstanding City debt obligations, amortized over 20 years:
Post Date: 04/03 12:00 AM
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